Small business

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

As soon as the program was announced, I not only advised my small business clients to apply; I also tried to figure out how to take advantage of it myself.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.

Can a home equity line of credit offer clients a bridge loan for troubled times? Says one, “I’m going to call those people and rehire them.”

Some clients can get an extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million.

Advisors may find it difficult to connect with the people who need financial help the most.

For years, I helped clients make choices that improved their happiness and work-life balance. Why wasn't I doing the same for myself?

This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.

As this firm founder took stock, he realized his needs had changed over time.

Businesses, particularly small ones, are looking for help to limit liability when sponsoring defined contribution plans.

Buyers and sellers both can benefit from a formula based on the future performance of the business, rather than a metric of current performance.

Revenue numbers take a back seat to cultural and leadership intangibles when selecting a partner who will preserve your firm's value and carry it into the future.

Sounds simple in theory, but when it comes to naming an RIA there are plenty of options to consider.

Severe declines provide the opportunity to review their portfolios and ensure their current plans support their short- and long-term goals.

“Do yourself a favor and start saving early,” an expert says.

Under the Labor Department’s final regulation, firms in different industries will be allowed to establish a joint retirement plan provided they operate in the same state or metropolitan area.

The Labor Department is poised to release a rule that would make it easier for small businesses to establish a multi-employer 401(k) plan for their workers.

Advisors can’t underestimate the emotional toll an exit can impose.